Tân Hoàng Minh review: services, fees, pros and cons

Tân Hoàng Minh Group was founded on 16 June 1993 in Ho Chi Minh City by Đỗ Anh Dũng, initially as a diversified trading business spanning passenger transport, handicraft exports and hotels. In 2006, Dũng repositioned the group toward ultra-luxury real estate, building a brand around ornate, French neo-classical towers marketed under the “D'.” prefix — gilded lobbies, imported marble and an imperial aesthetic aimed squarely at Vietnam's high end. Its best-known Hanoi projects are D'. Le Roi Soleil on Xuân Diệu in Tây Hồ and D'. Palais de Louis in Cầu Giấy, launched in 2012 among the most expensive apartments in the capital at the time. The group remains privately held and family-controlled: it has never listed on a Vietnamese stock exchange, so there is no audited public financial disclosure a buyer can check independently.

For a foreign buyer, the ownership framework is the same regardless of developer: title is capped at the 30% foreign-ownership quota per building and issued as a renewable 50-year Pink Book (Sổ hồng), with the unit required to sit in a project eligible for foreign ownership under the Housing Law 2023. Tân Hoàng Minh's flagship towers sell almost exclusively apartments, so the ownership mechanics are relatively simple to check — see our guide to what foreigners can buy in Vietnam.

On costs, the same national fee schedule applies regardless of developer: a 0.5% registration fee at the district land office, and on new-build purchases, a 2% contribution to the building's maintenance fund, with no Tân Hoàng Minh-specific surcharge that we could identify. We have not found a publicly documented dedicated English-language buyer desk, so budget for an independent bilingual lawyer to review the Sale & Purchase Agreement, which — like any Vietnamese property contract — is executed in Vietnamese regardless of what language the sales conversation happens in. What sets this developer apart from a typical Hanoi name is not the ownership rules or the fee schedule; it is the group's recent corporate history, addressed below.

• Housing Law 2023 (Luật Nhà ở, Law No. 27/2023/QH15) — foreign-ownership quota and 50-year tenure: thuvienphapluat.vn (EN)
• State Securities Commission — decision cancelling nine Tân Hoàng Minh bond issuances, April 2022, as reported by Vietnamese business and state press.
• Hanoi People's Court — first-instance verdict, 27 March 2024, and Hanoi High People's Court appeal decision reducing the sentence, September 2024, as reported by Vietnamese national press.
• Office of the President of Vietnam — 2025 amnesty decision effective 1 May 2025, as reported by Vietnamese national press.
• Vietnamese business press coverage of 2025-2026 project restarts, including Greenera Southmark and D'. Patrimony at 94 Lò Đúc.